Short answer
Customers Bancorp, Inc. (CUBI) filed an 8-K current report with the SEC on May 28, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders). Shareholders approved 750,000 additional plan shares, increasing authorization from 3,320,325 to 4,070,325.
Customers Bancorp, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Shareholders approved 750,000 additional plan shares, increasing authorization from 3,320,325 to 4,070,325
- Approval enables 71,935 short-term performance RSUs for executives, vesting in three equal annual installments
- Long-term awards add 15,043 time-based RSUs and 22,563 performance-based RSUs for three named executives
- Jay S. Sidhu received $2.34 million in disclosed RSU and PBRSU grant-date value across short- and long-term awards
- PBRSUs vest after three years, tied to shareholder return, return on equity, and non-performing asset performance versus peers
Item 5.07 · Submission of Matters to a Vote of Security Holders
- Shareholders reelected Susan D. Looney, Dalton T. Sirmans, and Steven J. Zuckerman as Class III directors
- Deloitte & Touche ratification passed decisively, with 30,414,702 votes for and 97,912 against
- Executive compensation received weak support, with 19,160,697 votes for versus 9,059,302 against
- 2019 Stock Incentive Plan amendment approved, with 19,725,308 votes for versus 8,530,617 against
- 2,052,252 broker non-votes on director, compensation, and incentive-plan proposals signaling limited voting participation by beneficial holders
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Customers Bancorp, Inc. 8-K filings
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